En VEVO Veritas?
by thetodaynews on Dec.10, 2009, under entertainment
The music industry, which has long lagged behind its listeners and musicians with respect to digital music, has finally decided to launch its own version of YouTube/Hulu, called VEVO.
Backed by Universal Music Group and Sony, VEVO offers on-demand streaming of music content with advertisements. So if you want to watch some Chris Daughtry, for example, they have that.
U2’s Bono addressed the VIP attendees of a New York VEVO launch party by saying: “Friends, we are gathered here today to mourn the passing of the old model that was the music business,” according to Billboard.
Quite a posthumous memorial service if you ask us…
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